Word: crediters
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Dates: during 1960-1969
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...pragmatist. His tough policies for the nation (which he calls "Egypt," rather than the grandiose "United Arab Republic") have created such a favorable impression abroad that the U.S. has resumed its food shipments, and France, Kuwait, and the Chase Manhattan Bank have kicked in $75 million in emergency credit as a vote of confidence in Egypt's new direction...
Most of the credit goes to Castello Branco's Minister of Economic Planning, Roberto de Oliveira Campos, 48, a U.S.-trained economist and Brazil's onetime Ambassador to the U.S. Campos is doing more than trying to reform an economy; he is trying to discipline a national mentality. For a starter, he eliminated $200 million a year in government wheat, oil and newsprint import subsidies, thus halting a wasteful drain on Brazil's treasury. He then ended labor's inflation-producing 75%-to-100% wage hikes, slowed down the money presses, and began reforming Brazil...
Better still, the World Bank-absent from Brazil since 1959-agreed to lend $80 million early this year for power projects. The International Monetary Fund, another long-absent investor, chipped in $125 million, plans to offer $120 million to $180 million more in new standby credit next year. And the U.S., which cut Alianza aid to Brazil to a trickle under Goulart, has granted more than $500 million in technical and economic assistance...
...convincingly that government has not only the ability but the responsibility to use its powers to increase production, incomes and jobs. Moreover, he argued that government can do this without violating freedom or restraining competition. It can, he said, achieve calculated prosperity by manipulating three main tools: tax policy, credit policy and budget policy. Their use would have the effect of strengthening private spending, investment and production...
Calm & Effective. Perhaps. But there was little doubt last week that much of the credit for the successful rendezvous belonged to casual Wally Schirra, who, at 42, is the oldest astronaut flying. It was his cool and seasoned performance during the abortive Sunday launch of Gemini 6 that made the midweek triumph possible. Had he panicked and pulled the Dring ("chicken switch") that would have ejected him and Copilot Stafford from the Gemini capsule, the mission could probably not have been sent aloft on time. His superb piloting of the capsule, perfected in long hours of practice in the Houston...